A 90 , 000 i n v e s t m e n t i s m

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A 90,000 investmenimade.Ovea5yeaperiod,returo30,000 occurs at the end of the first year. Each successive year yields a return that is \($3\),000 less than the previous year’s return. If money is worth 5 percent, use a gradient series factor to determine the equivalent present worth for the investment.

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Principles Of Engineering Economic Analysis

ISBN: 9781118163832

6th Edition

Authors: John A. White, Kenneth E. Case, David B. Pratt

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